Tag Archives: laudanum

Beyond the Bi-Polar Economy

bears in the woodThe market is bipolar. Wild-eyed entrepreneurs and innovators,  crazy as any laudanum quaffing poet, are in the business of selling visions  and they create havoc with stocks and shares. Elsewhere venture capitalists running down a juicy deal are like hormonally challenged teenagers. Whooping it up after winning, their hysteria inflames the market. We are told repeatedly that risk-taking and psychopathology are rewarded; they create opportunities otherwise business stagnates. It would seem that the unbalanced visionary riding a destructive but seductive manic high is a basic economic unit.  Now the economy has turned sour; the once manic basic unit is tucked under the duvet with the blinds down, sleeping all day, bewildered, apparently lacking in desires.

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